Rowan County, Kentucky Housing Market
In Rowan County, Kentucky, the median home value is $161,800, with a median monthly rent of $825. This places Rowan County at #1979 nationally out of 3134 counties by median home value, and #53 within Kentucky.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $963
- Establishments: 755
- BLS QCEW, 2025
Housing Supply
- Single-family: 3
- Multi-family: 5
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 7,995 (avg $56,662)
- Outflow: 7,448 (avg $57,512)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Rowan County Compares
| Metric | Rowan County | Kentucky Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $161,800 | $160,835 | $227,706 |
| Median Gross Rent | $825 | $793 | $968 |
| Owner Occupancy Rate | 61.5% | 73.4% | 73.3% |
| Price/Rent Ratio | 16.3 | 16.6 | 18.7 |
Market Analysis
The median home value in Rowan County is 0.6% above the Kentucky state average and 28.9% below the U.S. national average. The median rent of $825/month is 4.0% above the state average.
With a price-to-rent ratio of 16.3, the buy-vs-rent decision in Rowan County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Rowan County has an owner-occupancy rate of 61.5%, compared to 73.4% in Kentucky and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Washington County | Maine | $161,800 | $783 |
| Daviess County | Missouri | $161,800 | $696 |
| McNairy County | Tennessee | $161,800 | $723 |
| Grant County | Arkansas | $161,700 | $788 |
| LaSalle County | Illinois | $161,900 | $928 |
Other Counties in Kentucky
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Mason County | $161,500 | $727 | 66.1% |
| Russell County | $163,200 | $681 | 70.8% |
| Edmonson County | $160,300 | $778 | 80.1% |
| Pendleton County | $159,800 | $793 | 74.7% |
| Laurel County | $159,500 | $813 | 71.6% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).